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Pin to quick picksTaseko Mines L. Share News (TKO)

Share Price Information for Taseko Mines L. (TKO)

London Stock Exchange
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Share Price: 202.00
Bid: 194.00
Ask: 210.00
Change: 7.00 (3.59%)
Spread: 16.00 (8.247%)
Open: 200.00
High: 202.00
Low: 200.00
Prev. Close: 195.00
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EARNINGS AND TRADING: Kanabo inks CBD deal, Taseko boosts production

Thu, 02nd Nov 2023 14:34

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Taseko Mines Ltd - North America-focused mining company - Copper production for third quarter of 2023 totals 35.4 million pounds, up 7.1% from 28.3 million last year. 32.1 million pounds sold, up 5.4% from 26.7 million. Production for nine months ended September 30 totals 88.5 million pounds, up 18% from 70.3 million. Revenue for the quarter increases 60% to CAD143.8 million from CAD89.7 million. Adjusted Ebitda up 84% to CAD62.7 million from CAD34.0 million. Company swings to GAAP net income of CAD871,000 from a CAD23.5 million loss. Says cash balance at September 30 was CAD82 million.

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Henderson International Income Trust PLC - London-based investment company - NAV per share at August 31 is 175.7 pence, down from 181.5p at the same time in 2022. NAV total return for year ended August 31 is positive 1.4%, down from 6.3% the previous year. Pretax net return decreases to GBP5.2 million from GBP15.2 million. Company delivers GBP9.0 million investments loss following GBP1.8 million gain. Declares 1.92 pence fourth interim dividend regardless, up from 1.85p last year. Total dividend increases 3.0% to 7.47p. Chair Richard Hills says: "We cannot control the macroeconomic background but we can maintain and follow the company's existing strategy of identifying companies that have the capacity to grow their earnings and dividends over the medium to long term."

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Kanabo Group PLC - London-based patient focused healthcare technology and cannabis company - Inks deal with Wokingham, England-based cannabis manufacturer British Cannabis to supply CBD to patients via prescription. Company says the deal will allow doctors to prescribe pharmacy-grade CBD products from the 'CBD by British Cannabis' range via Treat It, Kanabo's online pain management clinic. Kanabo also says that from this month, Treat It will be included in British Cannabis's online medicinal cannabis app Canndr, which enables patients to select and review cannabis medicines, gain consultancy advice and select prescribing clinics. Kanabo Chief Executive Officer Avihu Tamir says: "This partnership is just the beginning, and we hope to announce more expansive collaborations in due course."

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Ocean Harvest Technology Group PLC - Theale, England-headquartered producer of seaweed-based ingredients for animal feed - Announces results of study assessing its OceanFeed Poultry product in meat chickens with necrotic enteritis, a disease caused by the overgrowth of clostridium perfringens in a poultry bird's gut. OceanFeed products aim to bind this pathogen. Study was conducted at the Southern Poultry Research Group in Georgia, US. Company says out of 200 chickens, mortality in the group consuming OceanFeed Poultry "reduced significantly" to 33% from 49%. This group also experienced enhanced weight gain and improved intenstinal lesion scores. Company says data "enhances the use case of OFP in the global poultry industry and will be useful data in discussions with customers currently using and/or looking to use OFP."

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e-Therapeutics PLC - Oxford, England-based computer-based drug discovery company - Announces strategic collaboration with fellow Oxfordian data company Arcturis Data Ltd. Deal will integrate Arcturis's Rea-World Evidence platform and analytical expertise with e-therapeutics's HepNet computational biology platform. HepNet will be used to analyse RWE's output "to drive the discovery and development of innovative RNAi medicines for the treatment of [nonalcoholic steatohepatitis] and related disorders." e-therapeutics retains exclusive rights to nominate novel gene targets to prosecute genetic medicines using its GalOmic platform.

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StreaksAI PLC - London-based provider of artificial intelligence-based conversational technologies - Launches "highly personalised" AI chatbot service Streaks Companion, which allows for "sophisticated humanlike companionship, mentorship and digital assistant services." Chatbots are designed for private long-term conversations using Natural Language Processing generators including GPT-4. Says companionship "can either be romantic or platonic, designed to increase users' confidence in navigating real-life relationships, it also offers a secure environment for users to build relationship skills and develop new romantic experiences." Users will pay GBP4.99 per 100 interactions. Company also says it has seen promising levels of early sign-ups for its new Streaks Idols service, which launched in late September and currently has 9,135 registered users.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
17 Apr 2024 10:24

IN BRIEF: Taseko Mines director sells 1.1 million shares in total

Taseko Mines Ltd - operates Gibraltar mine in British Columbia; it is the second largest open-pit copper mine in Canada - Director Robert Dickinson sells 640,960 shares at average CAD3.44, worth CAD2.2 million, about GBP1.3 million, on Monday and Tuesday in Toronto. Dickinson had sold 500,000 shares on Thursday last week. Additionally, Chief Executive Officer Stuart McDonald sells 125,000 shares at CAD3.52 on Friday and Monday, and Chief Financial Officer Bryce Hamming sells 25,000 shares at CAD3.39 on Tuesday, both after exercising options for the same number of shares at CAD0.69.

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12 Apr 2024 10:10

IN BRIEF: Taseko Mines director sells GBP1 million in shares

Taseko Mines Ltd - operates Gibraltar mine in British Columbia; it is the second largest open-pit copper mine in Canada - Director Robert Dickinson sells 500,000 shares at CAD3.36, worth CAD1.7 million, about GBP977,592, on Thursday in Toronto. Taseko on Wednesday said it priced its offering of USD500 million in senior secured debt notes due 2030 with an annual coupon of 8.25%. The notes will be issued at par value. The new debt financing will be used to retire existing 2026 notes and to make capital expenditures on the Gibraltar mine and separate Florence copper project.

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25 Mar 2024 11:23

Taseko Mines fully buys Gibraltar mine in Canada for CAD117 million

(Alliance News) - Taseko Mines Ltd on Monday said it entered into a deal to buy remaining stake in the Gibraltar mine in British Columbia, Canada from Dowa Metals & Mining Co Ltd and Furukawa Co Ltd.

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8 Mar 2024 15:50

Taseko Mines optimistic for Arizona copper project as profit rises

(Alliance News) - Taseko Mines Ltd on Friday reported higher revenue, adjusted profit and an increase in sales from Gibraltar.

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17 Jan 2024 08:39

Taseko Mines inks USD50 million sale of 2% royalty to Taurus Mining

(Alliance News) - Taseko Mines Ltd on Tuesday said that its latest royalty agreement will support construction activities at the Florence copper project, which it claims could be a "major" supplier for the US copper cathode market.

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10 Jan 2024 14:13

IN BRIEF: Taseko hikes copper production in "strong finish" to year

Taseko Mines Ltd - North America-focused mining company - Says its Gibraltar mine produced 34 million pounds of copper and 369,000 pounds of molybdenum in the fourth quarter of 2023. Copper sales volumes reached 36 million pounds. Company says production was supported by strong 0.27% copper grades. Mill throughput averaged 83,000 tonnes per day and was affected by extra downtime needed for maintenance and monitoring. Taseko adds that for 2023, the mine produced 123 million pounds of copper, a 26% increase on production for 2022 and "well above previous guidance".

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20 Nov 2023 14:30

IN BRIEF: Taseko Mines promotes Operations vice president to COO

Taseko Mines Ltd - North America-focused mining company - Appoints Richard Tremblay as chief operating officer. Tremblay joined Taseko in 2014 as general manager of its Gibraltar copper-molybdenum mine in British Columbia, Canada. He was later promoted to senior vice president of Operations. Taseko says Tremblay "will continue to have responsibility for all of Taseko's operations and project development activities", and "has been instrumental in the development of the Florence Copper project". Company also hires Terry Morris as vice president of Operations.

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6 Nov 2023 14:31

IN BRIEF: Taseko investors gain approval for extra Florence funding

Taseko Mines Ltd - North America-focused mining company - Says proceeds from project-level financings will in due course be available to its Florence Copper project in Arizona. Taurus Mining Royalty Fund LP has obtained investment committee approval for a USD50 million royalty, for 1.95% of gross revenue from all copper sales. Meanwhile Societe Generale SA has credit approval to provide Taseko with a USD50 million secured debt facility, which also contains a USD25 million uncommitted accordion feature, should Taseko need to increase it. News follows previously announced commitments from Mitsui & Co Ltd and Bank of America Corp.

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4 Oct 2023 17:18

IN BRIEF: Taseko Mines sees jump in quarterly production at Gibraltar

Taseko Mines Ltd - North America-focused mining company - Produces 35 million pounds of copper and 369,000 pounds of molybdenum at the Gibraltar mine in the third quarter of 2023. Says the 25% quarter-on-quarter increase in copper production was a result of high grades, improved recoveries and increased mill throughput. Says the 60% quarter-on-quarter increase in molybdenum production was also due to higher grades, as well as mining progressing deeper into the Gibraltar pit. Explains that a port workers strike in July results in shipping delays and a build-up of copper concentrate inventory, resulting in third-quarter sales volumes lagging production by three million pounds. Notes this excess inventory is expected to be shipped and sold in the fourth quarter.

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14 Jul 2023 11:11

Taseko Mines increases revolving credit facility to USD80 million

(Alliance News) - Taseko Mines Ltd on Friday said it has increased its revolving credit facility to USD80 million, from USD50 million.

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30 May 2023 14:29

DIRECTOR DEALINGS: Hill & Smith chair buys GBP630,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:

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19 Apr 2023 14:01

DIRECTOR DEALINGS: 888 Non-Exec Ori Shaked buys 260,000 shares

(Alliance News) - The following is a round-up of director dealings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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24 Feb 2023 11:34

Taseko Mines revenue suffers due to copper price drop in 2022

(Alliance News) - Taseko Mines Ltd on Wednesday said revenue was down, as copper prices and rising fuel costs impacted earnings.

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3 Feb 2023 15:36

IN BRIEF: Taseko Mines director sells 49,700 shares worth CAD117,789

Taseko Mines Ltd - Vancouver-based mining company mainly focused in North America - Says Director Russell Hallbauer sells 49,700 shares at CAD2.37 each on January 31, worth around GBP1.45 each, at a total value of GBP72,065. Also announces that it is in discussions with Sojitz Corp to buy a 12.5% stake in Gibraltar Mine.

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